mike emanuel on the hill. thanks. taxpayers may end up tore forebailout. housing secretary says the federal housing administration is facing a deficit of $16 billion. fha insures all mortgages in the country. more and more homeowners are defaulting on those loans. the agency has planned to announce fees next year. the housing secretary says that probably won't be enough. taxpayers have already spent more than $135 billion. bailing out fannie mae and freddie mac. mortgage companies the government controls. by the way, the feds have now or now have a hand in almost 90% of home loans in the united states. peter barnes from fox business is in d.c. tonight. how much could this new bailout cost if it happens, pete? >> well, shep, the fha ensures more than a trillion dollars in riskier mortgages with low down payments. typically 3.5%. so many of its older loans are going bad that one critic, ed pinto of the american enterprise institute estimates that a full blown recappization could cost taxpayers $25 billion if combined with major reforms. that does not appear